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Skip to main contentEnable accessibility for visually impairedOpen the accessibility menu Open the Accessible Navigation Menu * 24/7 * Buzz * Startups * VC * AI * Innovation * Opinions * Events * Promising Startups 2022 * BiblioTech * Boarding Pass * Startup: Confidential * Appointments * CTalk * Tech Gateways * 2022 VC Survey * @Finance * Ctech Testimonials * Shopping * Projects AboutNewsletterContact usRSSFacebookTwitter ACCESSIBILITY by * Homepage * News News * HOME * 24/7 * buzz * STARTUPS * VC * AI * Innovation * OPINIONS * EVENTS * SHOPPING * ABOUT * Terms Of Use * Privacy Policy NEWSLETTERSEARCHCONTACT US ACCESSIBILITY You May Like Delta Bingo Online Bingo Has Come to Ontario – Bingo ExclusivesDelta Bingo Undo Yahoo Search | Employer Record Research Employer of Record ServicesYahoo Search | Employer Record Learn More Undo by Taboolaby Taboola Sponsored LinksSponsored Links Promoted LinksPromoted Links Recently Read From buzzword to business imperative: The rise of ESG The future of finance is here: Why AI is the key to unlocking value in fintech Resilience and growth: Israeli high-tech poised for investment surge post-war From The Web CommonSearches 2024 Nissan Frontier: The Future of Trucks!CommonSearches Learn More Undo Best Searches Now Top Life Insurance Companies In Ontario May Be Offering Record Low RatesBest Searches Now Undo Nation Seniors Can Get Life Insurance For $15/Month.Nation Learn More Undo Famous Mortgage Mann (83) was escorted out of the car dealership, then the salespeople recognized who he was.Famous Mortgage Undo StartSearch European Train Trip DealsStartSearch Undo by Taboolaby Taboola Sponsored LinksSponsored Links Promoted LinksPromoted Links Recommended videos Oracle CEO Safra Catz: “We believe now is a very good time to be in Israel” The 50 most promising Israeli startups - 2023 Photo: Shutterstock * * * * * * * CYBER VENDOR PROOFPOINT LAYING OFF 280 EMPLOYEES, 6% OF TOTAL WORKFORCE THE CYBERSECURITY COMPANY, WHICH WAS ACQUIRED BY PRIVATE EQUITY GIANT THOMA BRAVO FOR $12.3 BILLION IN 2021, WILL BE CUTTING AROUND 20 JOBS IN ITS ISRAEL CENTER AS PART OF THE LAYOFFS Meir Orbach 13:16, 31.01.24 TAGS: Proofpoint Cybersecurity Layoffs Cybersecurity company Proofpoint is laying off 280 employees, accounting for around 6% of its total workforce of 4,500. The layoffs will include around 20 employees in its Israel offices, which total about 300 people. Full list of Israeli high-tech layoffs Barefoot Vitality Orthopedists Amazed: This Shoe Helps with Pain Like No OtherBarefoot Vitality Learn More Undo Barefoot Vitality Orthopedists Recommend: This Shoe Eases PainBarefoot Vitality Undo TopReviewPicks Heat any room in seconds!TopReviewPicks Undo by Taboolaby Taboola Sponsored LinksSponsored Links Promoted LinksPromoted Links Proofpoint, which was acquired by private equity giant Thoma Bravo for $12.3 billion in 2021, built up its Israeli headquarters with several acquisitions, the latest of which came in December 2022 when it purchased Illusive for around $100 million. That was the American company’s fourth acquisition in Israel after buying Israeli-founded ObserveIT for $225 million in 2019 and paying $120 million for Meta Networks the same year. The firm also acquired FireLayers in 2016. 1 View gallery Proofpoint. (Photo: Shutterstock) “To position Proofpoint for continued and long-term success as a world-class business operating at scale, we have made the difficult decision to reduce our current workforce by about 280 positions globally,” the company told Calcalist. “Some of the positions under consultation are in Israel and we are being sensitive to the current situation in the country. Proofpoint will offer extended departure terms for Israeli employees who will be impacted. Bank of Jerusalem CEO on the real estate market: "Vulnerable entrepreneurs will go bankrupt" | CTechCTech Undo Bill Ackman and wife Neri Oxman buy 5% of Tel Aviv Stock Exchange for $17 million | CTechCTech Undo “This decision was not taken lightly, and it is deeply rooted in our forward-looking company strategy of aligning our investments and hiring to our strategic priorities, expanding our operational footprint by leveraging a global talent pool, and streamlining our organization with fewer management layers. 1 / 3 Positioning climate tech in the mainstream of Israeli high-tech Read More 64.2K 1 Video Player is loading. Play Video Unmute Duration 0:00 / Current Time 0:00 Advanced Settings Loaded: 0% 0:00 Remaining Time -0:00 FullscreenPlayUp Next This is a modal window. Beginning of dialog window. Escape will cancel and close the window. 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Share Settings Playback Speed Normal Closed Captions Off Replay the list TOP ARTICLES * Powered by AnyClip * Privacy Policy Positioning climate tech in the mainstream of Israeli high-tech Related articles: * Proofpoint to Acquire Cybersecurity Company ObserveIT for $225 Million * Proofpoint to Acquire Meta Networks for $120 Million * Tech titans start 2024 with mass layoffs, but is the worst yet to come? “We appreciate our employees’ dedication and service and are committed to helping them make this transition as smoothly as possible. “As the cybersecurity partner of choice for organizations globally, we remain steadfast in our mission to protect people and defend data against people-centric cybersecurity risks. We do not anticipate any disruption for our customers as a result of these changes.” Read More TAGS Proofpoint Cybersecurity Layoffs Bank of Jerusalem CEO on the real estate market: "Vulnerable entrepreneurs will go bankrupt" | CTechCTech Undo Bill Ackman and wife Neri Oxman buy 5% of Tel Aviv Stock Exchange for $17 million | CTechCTech Undo Barefoot Vitality Orthopedists Amazed: This Shoe Helps with Pain Like No OtherBarefoot Vitality| SponsoredSponsored Learn More Undo Barefoot Vitality Orthopedists Recommend: This Shoe Eases PainBarefoot Vitality| SponsoredSponsored Undo TopReviewPicks Heat any room in seconds!TopReviewPicks| SponsoredSponsored Undo Delta Bingo Online Bingo Has Come to Ontario – Bingo ExclusivesDelta Bingo| SponsoredSponsored Undo Yahoo Search | Employer Record Research Employer of Record ServicesYahoo Search | Employer Record| SponsoredSponsored Learn More Undo Claroty appoints Rotem Sher as Chief of Staff | CTech Undo CommonSearches 2024 Nissan Frontier: The Future of Trucks!CommonSearches| SponsoredSponsored Learn More Undo Best Searches Now Top Life Insurance Companies In Ontario May Be Offering Record Low RatesBest Searches Now| SponsoredSponsored Undo Nation Seniors Can Get Life Insurance For $15/Month.Nation| SponsoredSponsored Learn More Undo Vroom laying off 90% of workforce, shutting down used-vehicle platform | CTechCTech Undo Famous Mortgage Mann (83) was escorted out of the car dealership, then the salespeople recognized who he was.Famous Mortgage| SponsoredSponsored Undo StartSearch European Train Trip DealsStartSearch| SponsoredSponsored Undo War in Gaza highlights Egypt's energy dependence on Israel | CTechCTech Undo Bozoba.com Another Mystery of Egypt's Pyramids Has Been Solved With a New DiscoveryBozoba.com| SponsoredSponsored Undo Claire And Jamie Yard Signs Will Make You LOLClaire And Jamie| SponsoredSponsored Undo KingGalbo You've Never Seen These Iconic Pictures of Important People in our HistoryKingGalbo| SponsoredSponsored Read More Undo Type2 Diabetes Affordable Inulin Supplements For Diabetics (Might Surprise You)Type2 Diabetes| SponsoredSponsored Undo "There is currently a trillion dollars trapped in VC funds and investors are desperate for liquidity” | CTechCTech Undo Italy Tour packages 7-day Italy vacation, from only $1,000Italy Tour packages| SponsoredSponsored Learn More Undo Connect Hearing Seniors In Ontario Eligible For Hearing Aids In JanuaryConnect Hearing | SponsoredSponsored Shop Now Undo Red Dot Capital Partners completes first close of $250 million early growth fund | CTechCTech Undo Indian workers desperate for jobs in Israel despite war: "If it's in our destiny to die, then we can die either here or there" | CTechCTech Undo Billionaire Kenneth Griffin halts Harvard donations amid antisemitism controversy | CTechCTech Undo Antarctica Cruises Empty Antarctica Cruise Cabins Cost Almost NothingAntarctica Cruises| SponsoredSponsored Learn More Undo Type2 Diabetes What To Eat When Type 2 Diabetes?Type2 Diabetes| SponsoredSponsored Undo CommonSearches Discover The Breathtaking New Envision (2024 Release)CommonSearches| SponsoredSponsored Undo Rss Contact Us Newsletter Facebook Twitter About CTechTerms of UsePrivacy Policy Developed by UI & UX by Basch_Interactive Please ensure Javascript is enabled for purposes of website accessibility Keep on reading Bank of Jerusalem CEO on the real estate market: "Vulnerable entrepreneurs will go bankrupt" | CTechYair Kaplan spoke at Calcalist, the Bank of Jerusalem, and BDO’s Economy of Tomorrow event about the future of the real estate market, saying that “the government must act preemptively and activate the Housing Cabinet.”CTech Group 3 Undo Bill Ackman and wife Neri Oxman buy 5% of Tel Aviv Stock Exchange for $17 million | CTechThe Jewish billionaire and his Israeli wife are making their first investment in Israel since the outbreak of the war with HamasCTech Group 3 Undo Indian workers desperate for jobs in Israel despite war: "If it's in our destiny to die, then we can die either here or there" | CTechMasons, painters, electricians, plumbers and some farmers said they were looking for jobs in Israel with some willing to risk going into a conflict zone because they could make five times more money in a year than they would at homeCTech Group 3 Undo Billionaire Kenneth Griffin halts Harvard donations amid antisemitism controversy | CTechGriffin, who has donated more than half a billion dollars to Harvard, has suspended his giving to the school over how it handled antisemitism on campus and a broader leadership crisis involving its presidentCTech Group 3 Undo ' ' ' ' ' ' Claroty appoints Rotem Sher as Chief of Staff | CTechThe company helps enterprises secure cyber-physical systems across industrial, healthcare, commercial, and public sector environmentsCTech Undo Barefoot Vitality Orthopedists Amazed: This Shoe Helps with Pain Like No OtherBarefoot Vitality| SponsoredSponsored Learn More Undo Barefoot Vitality Orthopedists Recommend: This Shoe Eases PainBarefoot Vitality| SponsoredSponsored Undo Vroom laying off 90% of workforce, shutting down used-vehicle platform | CTechThe company, which peaked at a valuation of over $8 billion in August 2020 but has seen its market cap fall to $75 million, said that it is discontinuing its e-commerce operations and winding down its used vehicle dealership business, resulting in the layoff of 800 employeesCTech Undo War in Gaza highlights Egypt's energy dependence on Israel | CTechThe suspension of activity at the Tamar Gas Field due to the war led to an 80% drop in gas exports to Egypt, which needs it both for energy production and for the foreign exchange it earns from its liquefaction and sale. Even if it appears that the war damaged relations between the countries, Egypt CTech Undo "There is currently a trillion dollars trapped in VC funds and investors are desperate for liquidity” | CTech"The current market situation is the perfect storm for us. Investors, who may have initially expected 7x or 5x returns in venture capital, are now willing to liquidate even for a 2x return,” explained John Avirett, a Partner at StepStone VC, who is in Israel raising money from institutional investorCTech Undo Fintech unicorn Brex set to close Israel R&D center as part of global layoffs | CTechThe over 20 Brex employees in Israel are expected to be laid off or offered roles abroad after the company announced last week that it was cutting 20% of its global staffCTech Undo Travel booking startup Joyned secures $8 million in Series A | CTechJoyned’s AI-based social revenue platform identifies critical data such as price perception and sentiment analysis, giving travel sites access to a comprehensive overview of the customer booking journeyCTech Undo TopReviewPicks Heat any room in seconds!TopReviewPicks| SponsoredSponsored Undo Delta Bingo Online Bingo Has Come to Ontario – Bingo ExclusivesDelta Bingo| SponsoredSponsored Undo Red Dot Capital Partners completes first close of $250 million early growth fund | CTechThe fund leads investments in Israeli companies that show first signs of product market fit and have reached revenues of $1-5 million, usually in A-C roundsCTech Undo Shipping activity in Israel dropped dramatically amid Houthi attacks | CTechThe unloading activity moved to Haifa after the Houthi crisis in the Red Sea affected the port of Eilat, alongside the halt of activity in the port of Ashdod due to rockets from Gaza. There is also a sharp drop in transshipment activity in Israel's portsCTech Undo